OpenSea Reduces Ethereum Gas Fees by 35% by Moving to Seaport Protocol

OpenSea has moved to the “Seaport Protocol,” a new smart contract that the NFT marketplace says will allow its 1.8 million users to save money on Ethereum gas fees.

With the Seaport contract, users will be able to save roughly 35% on gas, the company said. And new accounts will no longer require that one-time “setup fee” OpenSea previously charged.


Download CHAI: Short news app created for busy professionals like you

Get CHAI App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download CHAI App (Android, iOS)